Parthenon Capital Makes Strategic Growth Investment in Cherry Bekaert
June 30, 2022
Parthenon Capital has made a strategic, growth-oriented investment in Cherry Bekaert to support the firm's business advisory practices, funding technology, infrastructure, and expansion initiatives. The transaction restructures Cherry Bekaert into Cherry Bekaert LLP (attest services) and Cherry Bekaert Advisory LLC (business advisory/non-attest services) and is intended to accelerate organic growth and enable strategic acquisitions.
- Buyers
- Parthenon Capital
- Targets
- Cherry Bekaert, Cherry Bekaert Advisory LLC
- Industry
- Accounting & Tax
- Location
- North Carolina, United States
- Transaction Type
- Growth capital
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Related Acquisitions
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Cherry Bekaert Acquires Kerr Consulting
August 6, 2024
IT Services
Cherry Bekaert has acquired Kerr Consulting, a Houston-based business applications and cloud technology provider and top North American Sage partner. The deal (Kerr brought in approximately $20 million in annual revenue) strengthens Cherry Bekaert’s Sage and outsourced accounting capabilities and expands its technology-driven solutions nationwide; Kerr was majority-owned by Proviso Capital and was advised by Drake Star on the transaction.
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Cherry Bekaert Acquires Treacy & Company
December 14, 2022
Consulting
Cherry Bekaert has acquired Treacy & Company, a boutique growth and innovation consulting firm with offices in Boston and Chicago, to expand its strategy, innovation and digital advisory capabilities. The deal broadens Cherry Bekaert’s geographic footprint in the Midwest and Northeast U.S. and strengthens its industry depth across consumer products, manufacturing, automotive and healthcare.
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Cherry Bekaert Acquires ArcherPoint
October 14, 2024
IT Services
Cherry Bekaert has acquired ArcherPoint, a Microsoft Certified Solutions partner that provides ERP implementation, integration, development and support services. The deal strengthens Cherry Bekaert's ERP and Microsoft Dynamics capabilities, adds approximately $32 million of revenue, and expands the firm's footprint into Canada.
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Cherry Bekaert Acquires Katz Nannis + Solomon
December 10, 2024
Accounting & Tax
Cherry Bekaert (Cherry Bekaert LLP and Cherry Bekaert Advisory LLC) has acquired Katz Nannis + Solomon, a Boston-area full-service CPA firm, to strengthen its presence in the Northeast and expand audit, tax and advisory capabilities. The transaction transfers Katz Nannis + Solomon's attest assets to Cherry Bekaert LLP and non-attest assets to Cherry Bekaert Advisory LLC, and the combined firm will operate under the Cherry Bekaert brand.
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Cherry Bekaert Acquires MCM CPAs & Advisors
August 10, 2023
Accounting & Tax
Cherry Bekaert has completed the acquisition of MCM CPAs & Advisors LLP, a regional accounting and advisory firm headquartered in Louisville, Kentucky. The deal expands Cherry Bekaert's footprint into Kentucky, Ohio and Indiana and adds approximately 370 employees and $72 million in annual revenue to the firm.
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Cherry Bekaert Acquires CoNexus CPA Group
August 3, 2020
Accounting & Tax
Cherry Bekaert LLP has acquired CoNexus CPA Group, an Atlanta-based certified public accounting firm, to strengthen its presence in the Greater Atlanta market. Several CoNexus partners and professional staff will join Cherry Bekaert and relocate to the firm's midtown Atlanta office, expanding Cherry Bekaert's local practice to 14 partners, nearly 100 CPAs and roughly 140 associates.
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